Category: Business

Business

FinMin launches Protection & Indemnity Insurance product under Bharat Maritime Insurance Pool

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FinMin launches Protection & Indemnity Insurance product under Bharat Maritime Insurance Pool

The Department of Financial Services under the Ministry of Finance on Thursday (July 30, 2026) launched India’s first sovereign-backed Protection and Indemnity insurance product under Bharat Maritime Insurance Pool (BMIP), designed by the New India Assurance Company. On this occasion, Financial Services Secretary Sanjay Lohia handed over the first Protection & Indemnity (P&I) insurance policy…

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Homebuyers now expect global amenities: Casagrand founder

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Homebuyers now expect global amenities: Casagrand founder

M.V. Manikandan, founder and CMD, Adissia Developers; L.V. Navaneeth, CEO, The Hindu Group; B. Rajkumar, TN Minister for Housing and Urban Development; Arun M.N., managing director, Casagrand; Sundar Kondur, Chief Revenue Officer (CRO) of The Hindu Group Publishing Private Limited, at the inaugural session of The Hindu Real Estate & Urban Infrastructure Summit 2026, in…

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Business

NMDC eyes Argentina for copper, critical minerals

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NMDC eyes Argentina for copper, critical minerals

State-owned miner NMDC is exploring opportunities in Argentina for copper and other critical minerals as it seeks to accelerate global diversification strategy amid rising demand for energy transition minerals. A delegation from NMDC, which is India’s largest iron ore producer, led by Director (Finance) Anurag Kapil and consisting of several other officials besides other representatives…

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Tata Steel Q1 net profit rises 12% to ₹2,318 crore, board okays ₹33,873 cr expansion at Neelachal Ispat Nigam

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Tata Steel Q1 net profit rises 12% to ₹2,318 crore, board okays ₹33,873 cr expansion at Neelachal Ispat Nigam

Tata Steel | Photo Credit: The Hindu Tata Steel has reported 12% year-on-year (YoY) growth in net profit to ₹2,318 crore in the first quarter (Q1) ended June 2026 on strong product prices. Consolidated revenues stood at ₹60,794 crore, reporting a 14% YoY expansion. India revenues were ₹36,989 crore and earnings before interest, taxes, depreciation…

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Business

Prioritise people in urban planning, experts say

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Prioritise people in urban planning, experts say

Building Economic Cities, Not Just Real Estate: The Future of Integrated Urban Development, Jothilakshmy Nagammal, Principal, Saveetha College of Architecture and Design, Arun Bharathi, Managing Director, GTB Urban Developers, Pavithra, Co-Founder Design Co Lab, B L Ravi Kumar, General Manager – Network – 1, State Bank OF India, Moderated by Prince Frederick, Civic Affairs Editor,…

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Business

NTT payments may pursue M&A route into lending

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NTT payments may pursue M&A route into lending

NTT DATA, Japan, Head of Global Payments & Services Division, Shinichiro Nishikawa (L) ,with NTT DATA Payments Services India, CEO, Takeo Ueno (R), and NTT DATA Payments Services India, CFO, Rahul Jain (C) during the launch of the company’s unified service brand in India, NTT DATA Payments Services India, in Mumbai on Thursday. (ANI Photo)…

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Business

Sun Pharma gets Brazil nod for Semaglutide

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Sun Pharma gets Brazil nod for Semaglutide

Sun Pharmaceutical Industries has received Brazilian Health Regulatory Agency ANVISA approval to manufacture and market semaglutide injection in the Latin American country. The generic drugmaker plans to launch the product in the next few days in partnership with Hypera Pharma, a pharmaceutical company in Brazil. It will be available as a pre‑filled, multi‑dose injectable pen…

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Business

Dr. Reddy’s Srikakulam facility gets 3 U.S. FDA observations

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Dr. Reddy’s Srikakulam facility gets 3 U.S. FDA observations

A view of Dr. Reddy’s Lab facility near Hyderabad. | Photo Credit: The Hindu Dr. Reddy’s Laboratories has been issued three observations by the U.S. Food and Drug Administration (U.S. FDA) after an inspection of its facility in Srikakulam, Andhra Pradesh. The U.S. FDA has completed a Pre-Approval Inspection (PAI) and Good Manufacturing Practices (GMP)…

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Business

A.P. government, Kia Motors sign MoU for ₹12 crore ITI project in Penukonda

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A.P. government, Kia Motors sign MoU for ₹12 crore ITI project in Penukonda

Minister for BC Welfare S. Savitha facilitating the signing of an MoU between the Andhra Pradesh government and Kia Motors for an ITI at Penukonda in Sri Sathya Sai district on Thursday. Collector A. Shyam Prasad is seen. | Photo Credit: ARRANGEMENT Minister for Backward Classes Welfare and Textiles S. Savitha on Thursday said that…

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Business

Vedanta’s Q1 profit more than doubles, demerges real-estate business

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Vedanta’s Q1 profit more than doubles, demerges real-estate business

Vedanta logo. File | Photo Credit: Reuters Privately-owned miner Vedanta’s net profit soared more than two-and-half times in the June-end quarter marked by enhanced cost efficiency and strong output across all segments. Along with their results, the company announced Arun Misra as their new Chief Executive Officer for a one-year period, starting August 1. Furthermore,…

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